Ocean has conducted its first industry study which forecasts growth potential for DOOH compared with mobile and video on demand.
Inspiring, Exciting and Versatile were just three emotions that advertising people associate with digital out of home, a medium which is predicted to grow faster than mobile and video on demand over the next five years.
Two hundred and four executives drawn from both media agencies and the outdoor specialists sector responded to the study, aimed at gauging the role, prospects and challenges for digital out of home in the current media landscape.
Key findings of the study included: –
- DOOH is consider the Number 1 medium and is predicted to have the biggest growth in the next 5 years
- DOOH is perceived as a tech-driven medium, closely aligned with online and mobile. It’s also described as the most innovative, creative and flexible medium in the market
- Executives differentiate DOOH from its competitors as being more sophisticated, exciting and inspiring
- A substantial 86.3% study respondents identified digital out of home as having the biggest growth potential over the next five years, putting the medium ahead of mobile (67.2%), video on demand (60.8%) and every other media channel.
- Digital out of home also scored higher than any other media channel for offering dynamic (83%), exciting (69%) modern (82%) and versatile (67%) advertising environments.
Ocean marketing group director Richard Malton told us “The emotional index in our study shows how far digital out of home has moved from the being a standard, passive medium to a channel which is modern, exciting and sophisticated, driving mobile and online,” said
“This shift in positioning is driven by technology like audience recognition, wifi and broadcast capability, which allows us to introduce even better targeting, interactions, creativity and results. The introduction of new trading models is also driving flexibility and value as never before.”
The study allows Ocean to create three specific media clusters;
- Potential – DOOH, mobile, online, video on demand
- Classic – radio, press and static out of home
- Influential – TV, magazines and cinema
Cost and flexibility were two issues highlighted by survey respondents as issues to be addressed.
Richard Malton said “DOOH needs to educate and prove to the industry it is audience, content and cost driven. Automated planning and trading environments like Signature’s The Loop is a significant step towards achieving the necessary transparency and flexibility.”
Ocean Group, which includes Signature Outdoor, currently operates 64 screens and displays across 38 locations in 10 cities,
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